Can I reclaim the VAT by renting my ski property in Austria?
Yes. Many new-build developments that are designated for touristic use will allow you to reclaim the 20% VAT from the purchase price. However, there are some conditions that you need to meet to be
- The ski property needs to be rented over a 20year period
- All guest must pay a tourism tax
- You must make a profit for tax purposes on the ski property
- Filling out an annual VAT return will help provide the evidence the authorities need.
Your agent will assist with an introduction to a tax advisor who will handle these affairs for you.